Financial support for economic development ($500K)
Jeenyus I ain't commented
Would like to see examples of how this money is spent.
If you vote for this item to be CUT, you are suggesting that City funding of a public-private economic development partnership be discontinued. If you do NOT vote to cut this item, you are suggesting that City funding a public-private economic development partnership be continued.
The City of Lincoln provides funding to a joint public-private partnership between the City and the private sector to encourage economic development and job growth. The City contribution is combined with private contributions and utilized for business retention projects, new business recruitment, and existing business support services.
Implications and Consequences of CUTTING this item
If funding for LPED is discontinued...
● Fewer public dollars (i.e., $500,000 fewer) would support job creation projects.
● Private sector support would also decrease as the City dollars would no longer be there to attract private investment.